Africa News GSEP: Japanese companies want to invest in Morocco

GSEP: Japanese companies want to invest in Morocco

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Japanese companies have shown willingness to seize investment opportunities in the electricity and water sectors in Morocco during meetings held by the Director General of the National Electricity Board and drinking water (ONEE) Abderrahim El Hafidi, with Japanese investors.

During these meetings that took place on the sidelines of the Global Sustainable Electricity Partnership Summit (GSEP) in Japan, El Hafidi highlighted the development strategies of the electricity and water sectors in Morocco as well as the main projects under development by the Office and may constitute investment opportunities, according to a statement from ONEE.

The electricity and water projects in the Kingdom have thus attracted the interest of Japanese investors representing major global companies and GSEP companies, who have expressed their willingness to participate.

These meetings, which took place recently in Osaka and Tokyo with the presence of Moroccan Ambassador Rachad Bouhlal, were organized with Japanese investors responsible for companies involved in the electricity and water sectors through the world as well as the CEOs of GSEP member companies.

ONEE was admitted as a voting member at the GSEP summit, becoming the only member of Africa and the Arab world at the GSEP summit, among the largest power companies in the world.

The GSEP is an exceptional forum for executives of companies in the global electricity sector to exchange ideas and strategic information on the factors that could impact the profound transformation of this sector. This summit discussed decarbonisation, digitization, decentralization and deregulation.

Founded in 1992, the Global Sustainable Electricity Partnership (GSEP) is an alliance of world-leading electricity companies with a common vision, whose main mission is to promote sustainable energy development through electrification. It is led by the CEOs of the world’s largest electricity companies, including eight companies, including EDF (France), Hydro-Québec (Canada), SGCC (China), Kansai Electric Power (Japan) and AEP (USA).

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